NEW YORK / RankWire.AI / – Gold dropped about 3% on Monday, July 13, falling below $4,000 an ounce as oil prices surged and expectations for higher U.S. interest rates strengthened. Spot gold fell to $3,996.76 per ounce, its lowest level in two weeks. U.S. gold futures for August delivery settled 2.6% lower at $4,005.70.…
NEW YORK / RankWire.AI / – Oil prices surged nearly 10% on Monday as renewed U.S.-Iran conflict focused attention on the Strait of Hormuz. Brent crude futures for September delivery gained $7.29, or 9.6%, to settle at $83.30 a barrel. U.S. West Texas Intermediate crude rose $6.73, or 9.4%, to finish at $78.14. The advance…
CUPERTINO, CALIFORNIA / RankWire.AI / – Apple announced a multiyear chip agreement with Broadcom valued at more than $30 billion. The deal covers custom silicon parts and wireless connectivity technology for Apple products. Apple said the agreement will produce more than 15 billion U.S.-made chips. It also supports work at Broadcom’s facility in Fort Collins,…
MANILA, PHILIPPINES / MENA Newswire / – The Asian Development Bank cut its 2026 growth forecast for developing Asia and the Pacific to 4.9%. The bank cited prolonged global energy disruption and softer demand in parts of the region. The projection stands below the 5.1% estimate issued in April. It also marks a slowdown from…
BEIJING, CHINA / MENA Newswire / – China’s foreign exchange reserves fell 0.75% in June, official data showed, as valuation changes linked to currencies and asset prices reduced the reported dollar value of reserve holdings. The State Administration of Foreign Exchange said reserves stood at $3.4163 trillion at the end of June 2026. That marked…
GENEVA / RankWire.AI / – Africa drew $70 billion in foreign direct investment in 2025, its third-highest level since 1990, according to UN Trade and Development. The total fell from the exceptional $94 billion recorded in 2024. It still stood about one third above the continent’s average for 2010 to 2024. The 2025 result showed a…
Travel
DUBAI, UNITED ARAB EMIRATES / RankWire.AI / – flydubai will restart daily nonstop flights between Dubai and Aleppo on July 20, 2026, restoring the route after nearly 14 years. The service will link Dubai International Airport with Aleppo International Airport in northern Syria. Aleppo will become the airline’s second destination in the country, joining Damascus. The…
SEOUL, SOUTH KOREA / MENA Newswire / – Foreign tourist spending in South Korea reached a record 1.41 trillion won, or about $911 million, in May, as inbound card use rose sharply from a year earlier. The Korea Tourism Organization said spending by foreign visitors increased 73.7 percent year on year. May also marked the third…
ACCRA, GHANA / MENA Newswire / – Emirates will add four weekly flights between Dubai and Accra from July 12, increasing its Ghana service to 11 flights a week. The added Dubai Accra flights will operate with the airline’s existing daily service. The move expands seat capacity on one of the airline’s West Africa routes and…
DUBAI, UAE / MENA Newswire / – Emirates has launched Comprehensive Travel Cover, a paid travel insurance product that expands protection for passengers facing medical, baggage and trip disruption risks. The Dubai airline said the product became available on June 17. Emirates described it as the first airline travel cover of its kind at this level.…